[qualudeheart]

Each crypto market crash has only been a temporary set back. Market cap could drop 75% and still bounce back within the year.

The hyper-competitive and trustless nature of crypto rewards the most elite projects staffed by +4 SD minds. It’s like how Quant funds are a darwinian bloodbath.

The only way crypto is going away for good is replacement by vastly better technology or assets.

[snidane]

Crypto is just what you get in a zero interest rate world. That's how it started (fear of money inflation).

With interest rates in steady state rates, people would choose wisely if it's better to stash money into a regular savings account or into void of cryptoschemes with occassional jackpot.

I agree - the replacement is better assets, such as cash. When it is priced reasonably again.

[qualudeheart]

Those are good points. I haven’t seen much discussion of interest rates in crypto circles even with all the shady 10% APY staking programs designed to compete with savings accounts.